Lots to chew over in this afternoon’s statement from Duff and Phelps but this nugget grabbed my attention:
“If we proceed with an offer that is based on a sale of the business and assets, then we would expect the football club share to be transferred within a matter of weeks, with a preference of prior to the end of the current season.”
This means that unless a CVA is concluded beforehand, Duff and Phelps plan to ask the football authorities to award Rangers’ share in the SPL to a new club prior to the end of this season. This share is worth money, Duff and Phelps would be able to sell it to generate cash, so there is no harm in them asking!
The enormous problem for the league is that the Newco would not employ any footballers and the final date in the season for signing non-contracted player passed a month ago. Rangers players are employed by Rangers FC PLC and their registrations cannot be transferred to any other football club outside of a transfer window.
In the event of a liquidation (which Duff and Phelps have not accepted as a likelihood), player registrations revert to the SFA. They are not assumed by a phoenix Newco to pick the following week. There is absolutely no circumstances for a club to avoid liquidation and still manage to transfer their players to a Newco outside a transfer window.
How did they concoct such a fantasy?
This is a Fifa rule and cannot be altered by the SFA or SPL. The entire debacle has become farcical.
SPL clubs, who vote on Friday on whether to introduce a procedure which would allow a Newco to be allowed straight into the league, have the proverbial gun pointing to their heads with this statement. They must stand firm and refused to become embroiled in the mess.
The other SPL clubs and the SFA did not design this crisis at a member club and it is not their responsibility to resolve it. We will find out soon enough whether member clubs take account of the overwhelming voice of their supporters on this matter.
Pay your bills!
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Morrisons – 6 jelly moulds ( rowntrees ) for £2.00. nice of them to support us in our time of celebration. That’s one jelly mould for every deadline :)
pintaguinness – We need two old war horses to bring this young squad on, especially in Europe….Puyol and Seedorf, how does that sound?!
T4
Just the ticket Tommy, and thats another point, great players attract more fans, ie more season tickets
T4
Seedorf yes , not a fan of Puyal as you know…
Cheers Mighty T! e-petition just been up an hour. For those who missed it –
http://epetitions.direct.gov.uk/petitions/33199
HH
T4 both would be a dream but doubt it
HH
Puyal could play in our league with a suit on
BT, posted on FB via your link.
TTTT
You and BT look like auld Nags
Makes sense to me
BRT and H
Petition signed , very worthwhile cause .
Celtic_first
I am very reluctant to question the utterings of a member of the McStay family, but bottom line is that Willie was at Celtic for well over 10 years as a youth development coach.
The fact that we have no players in our squad who came through the ranks from that period makes me take his comment with a pinch of salt.
Zbyszek – Jelly and Ice Cream term does not exist in Poland
What do Polish kids eat at parties?
When I was a child, it was all Angel Delight and Soda Stream.
Kids these days don’t know what they’re missing. (thumbsup)
Richie
We don’t have Rangers. Are you going to transplant them? No way. I suppose Jelly and Ice Creams are for biggest celebrations when they die.
pintaguinness
I suppose they were confused in the restaurant and did not know what you were talking about? Menu in the restaurants where Celtic fans go need corrections.
TTTT
Seedorf, one of the best examples of a midfielder in the last 10 years
And have a photo of him wearing a hoops scarf when at R Madrid.
Good guy
BRT and H
Petition signed and posted to FB.
Well done the young bhoys tonight.
Imagine what the score would have been if WE had the best young players?
Hail hail
MME
Anyway
WTF are Stella all about reducing the strength of their Lager to 4.8
SOAL
utter disgrace that btw
i have always argued that we should have a far better squad of team first players, at the expense of the blotted squad we have right now.
we have a lot of good young players and if given a chance many will go on to have good careers with us.
good young players learning from seasoned pros is valuable, good young players learning from very good seasoned pros is more valuable.
getting good young players into the first team will generally lead to more wanting and willing to sign up at us, because they know they will get their chance.
for me a squad of 19 first team players is just about enough then its all about the young players.
to be fair i have been impressed will NL’s willingness to blood young players into the first team this season
hail hail
blantyretim on 23 April, 2012 at 21:26 said:
BRT&H
petition signed and posted on FB..
vmhan
can you FB Aow petition?
***************
Just noticed you’re post BT, job done.
AoW keep up the good work sir.
Night all…….
I’m away to dream the stuff of Celts.
V
philvisreturns – I remember my ma calling my wee brother her wee Angel Delight!
He used to get pelters from us older kids.
HH
Ps Only the posh kids had Soda Streams in my day!
Tims in Ohio… good man…spread the word…
Soal WTF…
zbyszek
In the US they call jam jelly so that was why they brought it. I actuall wolfed it down. Fantastic people but Wroclaw really grey. Back again soon but to Posnan working with Bank Zachodni now Santander !!
philvisreturns
Ice Cream, Yes. Jelly, No.
Sweet cakes and all that jazz.
BRT&H
Signed and NOT passed onto facebook
unlike some on here I actually have a life
……………………………..Whit the hell is facebook?
BT
Bought two packs of 4 out of Morrisons
wan 5% the other 4.8% and the same price
Do they still do Diamond White?
SFA still sitting on Rangers Game in Disrepute case. Must be a toughie having to make decision that tips them over the edge.
pinta
need an interpretor MrZ is your man…
Clashcitybhoy
A big part of it is getting players into a starting position in a CL game and if any of them go on from there to sign for, I don’t know, Spartak Moscow for £10m and fund a whole new generation, that’s part of it too.
Willie was involved in the youth and reserve teams between 1994 and 2010 if you include the spell at Újpest. He therefore had a hand in the development of Aiden, Ross Wallace, Jamie Smith, Davie Marshall, Charlie Mulgrew, Craig Beattie, Liam Miller, Cillian Sheridan, John Kennedy and others.
The Spirit of Arthur Lee – WTF are Stella all about reducing the strength of their Lager to 4.8
Apropos of nothing…
Sometimes I think, “what would Darren Jackson do?”
And then I eat a Cow Pie before punching somebody into the middle of next week. (thumbsup)
Blantyre
I need an interpreter here, Fife is on another planet!
Been here 25 years. You can always tell a fifer but you cannae tell him much!
pintaguinness
I know, Wroclaw is not bad but not the best place in here. I suppose that Poznan will be better for you. If you are in Warsaw, let me know.
A lot of clubs have stand up, progressive youth development programmes now. There is a recognition that “if not us, then who?” and amongst the clubs mentioned earlier, and Falkirk, Hamilton and Dundee Utd are doing great things, one of the best coaching set ups is at Queens Park. Some terrific guys doing great things for a lot of talented kids, many of whom are just too short or too late developing for the tatse of the bigger SPL clubs.
Henrick came to us in the doldrums at 27 years old. Guys like Barry Robson and Paul Hartley earned their spurs in the lesser rodeos before emerging as great professionals. It’s not a case of ‘superstar or bust’ by age 19. Quite the contrary sometimes. Youngsters develop in their own time, and many top players come from less recognised clubs. Ask Gary Hooper where he was playing 4 years ago!
If your boy has some talent, look for good coaching first and foremost, rather than a ‘big club’. The path is not always clear. Celtic will always take the pick of the crop at a given age group, but far more top pros graduate from smaller schools.
TBB
BRT& H signed and shared on FB –
VP – you still logged into bebo :-)
Desperate Dan
Enjoy your Pie
Art of War – I remember my ma calling my wee brother her wee Angel Delight!
He used to get pelters from us older kids.
Aye, mothers are there for that sort of thing.
Ps Only the posh kids had Soda Streams in my day!
It’s hard to be posh when you’re from Coatbridge. It must be like being from Airdrie and yet able to read. (thumbsup)
Zbyszek – Sweet cakes and all that jazz.
Now I’m imagining the Poles are really into sugared rolls and Liza Minnelli. (thumbsup)
Clashcitybhoy on 23 April, 2012 at 21:56 said:
Think you will find that; McGeady, Malloney, McManus, Kennedy, Marshall all came through the system when Willie McStay was there.
My spellnig is awful. Think I’ve been readnig too many Declan posts.
SOAL – you taking the p**s?! 4.8%? Is that the made in UK stuff or original Belgian Stella? No less than 5% please!
adi : I’m sure Clarence would love to win his 4th CL with a different club!
BT – you don’t rate Carlos Puyol….how come?!
T4